Tag: mutual fund
Merrill Lynch to Pay $15 Million in Restitution to Settle FINRA...
The Financial Industry Regulatory Authority has censured and ordered Merrill Lynch to pay approximately $15.2 million ($13.4 million, plus interest) in restitution to customers...
City National Rochdale to Pay $30 Million to Settle SEC Charges...
The Securities and Exchange Commission reported that registered investment adviser City National Rochdale, LLC has agreed to pay more than $30 million to settle...
FINRA Fines Advisor Group’s Triad for “Risky” Alternative Mutual Fund Sales
The Financial Industry Regulatory Authority has censured and fined Triad Advisors, a broker-dealer within the Advisor Group network, for failing to reasonably supervise its...
Crown Capital Securities to Pay $1.6 Million to Settle SEC Charges
The Securities and Exchange Commission has ordered Crown Capital Securities LP, a dually registered investment adviser and broker-dealer, to pay nearly $1.6 million in...
Centaurus to Pay $1.3 Million to Settle SEC Charges
The Securities and Exchange Commission has ordered Centaurus Financial Inc., a dually registered investment adviser and broker-dealer, to pay nearly $1.3 million to settle...
FINRA Fines Three Broker-Dealers for Selling “Risky” Alternative Mutual Fund
The Financial Industry Regulatory Authority has censured and fined three broker-dealers, Cambridge Investment Research, Securities America, and J.W. Cole Financial, for failing to reasonably...
Transamerica to Pay $8.8 Million to Settle FINRA Charges
The Financial Industry Regulatory Authority has ordered Transamerica Financial Advisors Inc. to pay a $4.4 million fine, plus nearly $4.4 million in restitution after...
Altegris Co-Founder and Continuum Capital to Purchase Altegris from Artivest
Matt Osborne, the co-founder of Altegris and chief investment officer of Artivest, has formed a partnership with Continuum Capital Managers, to purchase alternative investment...
Massachusetts Fines Broker-Dealer Over Improper Mutual Fund Sales
The Massachusetts Securities Division has fined Janney Montgomery Scott LLC more than $286,000 and ordered the broker-dealer to pay nearly $164,000 in restitution to...
Next Financial to Refund $500,000 to Customers over Mutual Fund Sales
Texas-based broker-dealer Next Financial Group Inc. has agreed to refund $500,000 to customers of a former broker who moved clients in and out of...
